Dogecoin and Shiba Inu are shedding
Specifically, DOGE’s value has fallen by over 13%, while SHIB’s has fallen by over 14%. At the time of writing, DOGE is trading at $0.1246 and SHIB is valued at $0.00001857.
As memecoins fall prey to price corrections, their dominance is also declining.
Well-known cryptocurrency analyst Ki Young Ju recently posted a tweet highlighting the decline in memecoin dominance over the past few months.
Despite the price decline, both SHIB and DOGE’s weighted sentiment has improved. This means that the bearish sentiment surrounding these memecoins is declining over the past few days. Additionally, their social volumes have also increased significantly, which shows that a wide range of investors are talking about Shiba Inu and Dogecoin.
